Pichi Finance Secures $2.5M to Enhance Blockchain Points Liquidity

Pichi Finance has just closed a $2.5 million seed funding round, spearheaded by UOB Venture Management, Signum Capital, and Mantle Network. This significant investment will fuel their mission to transform trustless points trading in the blockchain ecosystem.

• Funding Details: The funds will help Pichi Finance enhance its points trading protocol, expand to new Ethereum Virtual Machine (EVM) chains, and introduce vaults for earning yield and points.

• Trustless Trading: Pichi Finance is the first to offer trustless points trading before and after Token Generation Events (TGE), using the ERC-6551 standard.

• How It Works: Users can trade points through Michi Wallet NFTs, which combine points and tokens in a single, tradeable entity.

• Expansion: Pichi plans to launch new points programs, enhance liquidity, and extend its protocol to additional EVM chains.

• Founders’ Vision: Founded in February 2024 by Wesley Tang, David Zhu, and Eric Zhu, Pichi aims to simplify and secure points trading in decentralized finance.

Pichi Finance is poised to change how blockchain points are traded, offering a secure and efficient marketplace for users.